American muscle car conversion to kick off at $85,990 Down Under.

HSV has announced pricing and specs for its hotly-anticipated, right-hand drive converted take on the Chevrolet Camaro 2SS.

First up, the burning question of money. You’ll pay $85,990 before on-road costs for the automatic Chevrolet muscle car, plus $850 if you want Bright Yellow, Garnet Red or Hyper Blue Metallic paint.

Power comes from a 6.2-litre LT1 V8 making 339kW and 617Nm, put to the rear wheels through an eight-speed automatic transmission. A manual won’t be offered within the first run of 550 vehicles, but HSV has said it wants to do a three-pedal variant down the track – no timeframe has been provided, however, because of the engineering work required.

For the inevitable Ford and Chevrolet comment war, the Mustang GT makes 339kW of power and 556Nm of torque from its 5.0-litre Coyote V8, put to the rear wheels through a six-speed manual or 10-speed automatic transmission. GM wins the numbers game on torque and displacement, the Blue Oval counters with more gears.

According to the company, 30 per cent of the initial allocation has been sold already – and buyers are supposedly coming from German marques, in search of something a bit more niche. HSV has maintained that line for years.

There’s fully-independent rear suspension, and Brembo brakes are standard at both ends hiding behind 20-inch wheels, wrapped in 245/40 front and 275/35 rear Goodyear Eagle tyres.

Dual-zone climate control, a nine-speaker Bose sound system, wireless phone charging, a universal garage door opener, and ambient lighting are also standard, along with heated and cooled leather seats, and a leather flat-bottom steering wheel. There’s no convertible to take on the drop-top Mustang, but the coupe comes with a sunroof – small wins, right?

Active safety equipment includes lane-keeping assist, blind-spot monitoring, a rear-view camera and parking sensors, but you don’t get autonomous emergency braking for your $86k.

“This project has been over three years in the making and involved millions of dollars of investment in product development, testing and validation,” said Tim Jackson, HSV managing director.

“We set out with the goal of retaining the integrity of the left-hand-drive vehicle through the adoption of extensive engineering, development, and manufacturing processes. We are proud to say we believe we have achieved our goal”.